The week ends on a dull note; markets prefer to play within a safe range

Indian markets saw massive volatile sessions on Friday. Index was moderately positive; however markets also witnessed some stock specific profit booking activities on the higher side. The Nifty ended with nominal gain by 1 point at 8220 and Sensex ended on a flattish note, up by 0.1 point at 26843.

The advance-decline ratio ended on the negative side in the closing session. On the NSE, 1082 shares closed in green, while 1531 shares ended the day in red.

Top 5 Nifty Gainers: Axis Bank closed the day with top gains on the NSE, up by 3.4%. Kotak Mahindra, Tata Power, HUL and NTPC were the others that ended higher.

Top 5 Nifty Losers: Idea Cellular was the top loser, down by 11.6%, followed by Bharti Airtel, SBI, Lupin and BHEL.

On the sectoral view, 7 Out Of 13 sectors closed in red. Consumer durables was the top loser for the day, down by 204 points. Followed by healthcare and capital goods which were down by 130 points and 110 points. Mid-caps and small-caps were down in the range of 46 points and 12 points. However Bankex and auto sector saw good strength clocking raise of around 100 points each.

In the Asian markets, the Hang Seng closed up by 88 points  followed by Nikkei which ended higher by 79 points. The Shanghai Composite and KOSPI ended on a positive note.

Buzzers: Axis Bank-- the stock surged by 3.4 per cent to cross its technical hurdle, which was around Rs 540 level. If it continues with the current scenario, it may see more up moves till around 560-570 mark.   

The Nifty Future closed above 8230 level indicating some positive trade till it’s sustain above 8150 level.